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ARTICLE · 17 JULY 2017

The Beginning Of 2017 For Mexico

The New Year has brought about a difficult economic reality for Mexico.

MexicoEnergy and Natural Resources
Cacheaux, Cavazos & Newton
Cacheaux, Cavazos & Newton

The New Year has brought about a difficult economic reality for Mexico. The general outlook for prior years was generally optimistic, based on the structural reforms previously used by the federal government to outline its plan of governance. Despite success in uniting Mexican political parties, international conditions – specifically the drop in oil prices – affected the price of consumer goods, the stability of the Peso against the U.S. Dollar, the value of wages and the price of gasoline. This change caused serious concerns among large sectors of the population. The technical explanations given by government officials to justify such effects have been insufficient, and there is strong public dissatisfaction with the 14% to 20% increase in gasoline prices. For instance, it was reported that the gasoline price adjustment, among other things, was due to the parity between the Mexican Peso and the U.S. Dollar, as well as the increased oil prices in the global market, all

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